April 26, 2024 By Sharan Kaur Phillora Hong Kong is gearing up to launch its first-ever Bitcoin and Ethereum exchange-traded funds (ETFs) on April 30. This significant development follows the green light from the Securities and Futures Commission (SFC), as reported by Bloomberg. Here’s what we know: Managed by Bosera-HashKey Capital and China Asset Management (ChinaAMC), these […]

April 26, 2024 By Sharan Kaur Phillora Recent analysis highlights a possible surge in Bitcoin’s price, influenced by a significant $75 billion foreign exchange (FX) outflow from China. Historically, such outflows have preceded major rallies in Bitcoin’s value, suggesting a bullish trend in the cryptocurrency market. Here’s what we know: In October last year, China recorded

April 26, 2024 By Sharan Kaur Phillora In a bold economic shift, Russia and China have nearly phased out the use of the US dollar in their bilateral trade dealings, signaling a significant move towards de-dollarization. Russian Foreign Minister Sergey Lavrov recently highlighted that over 90% of the transactions between the two nations are now conducted

April 26, 2024 By Anjali Kochhar Changpeng Zhao, the former CEO of cryptocurrency exchange Binance, is confronting the possibility of a 36-month prison sentence and a staggering $50 million fine, as recommended by the U.S. Department of Justice. The sentencing, slated for April 30, follows Zhao’s admission of guilt last November to violating anti-money laundering

April 25, 2024 By Anjali Kochhar Venezuela’s state-run oil corporation, PDVSA, has taken a bold step into the world of cryptocurrencies, focusing especially on Tether (USDT), in an attempt to get around the harsh sanctions. In 2023, PDVSA began experimenting with Tether, according to a new Reuters story. This was the nation’s second attempt to

April 25, 2024 By Anjali Kochhar In the ever-evolving landscape of technology, the emergence of blockchain and cryptocurrencies has sparked a revolution. Evolving from a niche interest to a global phenomenon, the blockchain and cryptocurrency landscape has witnessed exponential growth over the past decade. It is being integrated in different ways across various platforms to

April 24, 2024 By Sharan Kaur Phillora Several Russian companies are gearing up to employ digital financial assets (DFAs) in international settlements, potentially within this year, according to Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market. This development follows the recent legislative advancements allowing DFAs for cross-border transactions, aimed at mitigating

April 24, 2024 By Anjali Kochhar With notable price increases in the cryptocurrency market, Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI) are leading the charge in the revival of the meme coin craze. Dodgecoin April 20 marked a significant milestone for Dogecoin, affectionately dubbed Doge Day by its fervent community. Within the subsequent 24

April 23, 2024 By Anjali Kochhar Blockchain technology has been constantly in the news for various reasons whether good or bad. Few erroneously consider blockchain as a synonym for cryptocurrency. However, blockchain technology goes beyond the gambit of cryptocurrency and has its influx in fields like medicine, finance, education, and supply chain management for logistics

April 23, 2024 By Sharan Kaur Phillora Hong Kong-based Victory Securities has recently disclosed the proposed fee structure for its upcoming Bitcoin and Ethereum exchange-traded funds (ETFs). This move follows the local regulatory approval of cryptocurrency ETFs, marking a significant step forward in the integration of digital assets into mainstream financial services in the region. Here’s